Surviving the fallout


During the height of the credit boom everyone was blind to the systemic risks posed by individual banking groups. But as politicians and regulators rush to find new ways to cut the chances of a repeat of the banking crisis, the insurance industry is being pulled into the debate. Senior politicians and regulators in Europe and the US are calling for explicit recognition of the fact that large insurance companies pose systemic risk, and the consequences could be higher costs and regulatory burdens

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